3 ms·
I think that just a big a scandal is that the PBGC (https://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation https://en.wikipedia.org/wiki/Pension_Ben
by TuringNYC 8y ago
I think that just a big a scandal is that the PBGC (https://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corporation https://en.wikipedia.org/wiki/Pension_Benefit_Guaranty_Corpo...) doesn't have stricter requirements for funding pensions -- the teeth i.e., we stop guaranteeing if you fail to meet these requirements.
It seems unfair to me, as a taxpayer, to guarantee something that is the owner themselves aren't working to keep in good shape.
In my humble opinion, pension meltdowns will be the triggering event for massive unrest in the coming decade.